1- Sea Co. has the following transactions in the month of April 2021: 10 April : Commenced business with a capital of OMR 350,000. 14 April: Purchased Goods from Moh for credit OMR 50,000. 16 April: Sold Goods for Said on credit OMR 12,000. 21 April : Sold goods to Ali for 5,000. 22 April Bought Land for 50,000. 24 April: Purchased machinery for cash OMR 45,000. 25th April Paid OMR 2,000 for goods purchased. 26th April : Use a cash for personal use OMR 2,000. 27th April: Received OMR 3,000 from Ali. 29th April : Rent paid OMR 5,000. Write Journal Entries, ledgers and Trial balance for the transactions.

1- Sea Co. has the following transactions in the month of April 2021: 10 April : Commenced business with a capital of OMR 350,000. 14 April: Purchased Goods from Moh for credit OMR 50,000. 16 April: Sold Goods for Said on credit OMR 12,000. 21 April : Sold goods to Ali for 5,000. 22 April Bought Land for 50,000. 24 April: Purchased machinery for cash OMR 45,000. 25th April Paid OMR 2,000 for goods purchased. 26th April : Use a cash for personal use OMR 2,000. 27th April: Received OMR 3,000 from Ali. 29th April : Rent paid OMR 5,000. Write Journal Entries, ledgers and Trial balance for the transactions.

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Description: Please do not give solution in image format thanku 1- Sea Co. has the following transactions in the month of April 2021:10th April: Commenced business with a capital of OMR 350,000.14th AprilPurchased Goods from Moh for credit OMR 50,000.16th AprilSo

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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